Market Overview

Refractory Materials Market for Steel Industry 2020-2024 | Key Vendor Offerings and Business Continuity Plan for New Normal | Technavio

Share:

Shape strategic responses through the phases of industry recovery

CALDERYS France SAS, CoorsTek Inc., and HarbisonWalker International Inc. will emerge as major refractory materials market for steel industry participants during 2020-2024

The refractory materials market for steel industry is expected to grow by 5.20 million tons during 2020-2024 and register a CAGR of over 3% during 2020-0224 according to the latest market research report by Technavio. The outbreak of the COVID-19 pandemic resulted in the shutdown of various businesses across the world. This has negatively impacted the growth of the market. However, the market is expected to gain traction over the forecast period with increasing construction and infrastructural activities, the growth of the automotive market, and rising production in the aerospace and heavy industries sector.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201116005057/en/

Technavio has announced its latest market research report titled Global Refractory Materials Market for Steel Industry 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Refractory Materials Market for Steel Industry 2020-2024 (Graphic: Business Wire)

For a more detailed analysis, Get a Free Sample Report delivered in a minute

The refractory materials market for the steel industry is driven by increasing demand for steel from various sectors. In addition, other factors such as Increasing capacity developments in the steel industry are expected to trigger the refractory materials market for steel industry toward witnessing a CAGR of over 3% during the forecast period.

The refractory materials market demand will witness an at par growth during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth in 2020 is likely to increase as compared to 2019.

With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.

This post-pandemic business planning research will aid clients to:

  • Adjust their strategic planning to move ahead once business stability kicks in.
  • Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
  • Conceptualize scenario-based planning to mitigate future crisis situations.

Download the Post-Pandemic Business Planning Structure. Click here

Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
  • Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
  • Pre- as well as post-COVID-19 market estimates
  • Quarterly impact analysis and updates on market estimates

Gain instant access to 17,000+ market research reports by using

Technavio's SUBSCRIPTION platform

Major Three Refractory Materials Market For Steel Industry Participants:

CALDERYS France SAS

CALDERYS France SAS operates its business through segments such as Products and Services. The company provides the refractory materials with technologies such as calde brick, calde mag dry, and calde mag gun.

CoorsTek Inc.

CoorsTek Inc. operates its business through segments such as Products, Materials, and Services. The company offers a wide range of raw materials and ceramics such as alumina and silicates.

HarbisonWalker International Inc.

HarbisonWalker International Inc. operates its business through segments such as Products and Refractory Services. The company offers a wide range of refractory products such as bricks, monolithics, high-temperature insulation materials, fiber, insulating firebrick, and precast shapes.

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/refractory-materials-market-for-steel-industry-market-industry-analysis

Refractory Materials Market For Steel Industry 2020-2024: Segmentation

Refractory materials market for steel industry is segmented as below:

  • Type
    • Brick
    • Monolithic
  • Geography
    • APAC
    • Europe
    • North America
    • South America
    • MEA

Based on the volume, the market saw maximum growth in the brick refractories segment in 2019. Similarly, APAC emerged as the largest geographic segment with a 73% market share in 2019. The market growth in APAC will be significant over the forecast period due to the increasing production of crude steel.

Get more insights about the global trends impacting the future of the refractory materials market for steel industry, Request a Free Sample Report

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com